Question: What are the goals of the ECB How are its
What are the goals of the ECB? How are its officials held accountable for meeting them?
Answer to relevant QuestionsWhy did the sovereign debt problem of Greece – which accounts for less than 2 percent of euro-area GDP–, threaten the banking system throughout the euro area?Do you think the members of the ECB’s Governing Council should take formal votes? Why or why not? If they do vote, how do you think the votes should be allocated?Do you think the current procedures for appointing members to the Board of Governors are consistent with the principles of good central bank design? Explain your answer. Suppose a major bank needs to borrow $20 billion overnight that it cannot obtain from private creditors. The Fed is willing to make a discount loan of $20 billion provided that it will not alter interbank lending rates. How ...You pick up the morning newspaper and note a headline reporting a major scandal about the Federal Deposit Insurance Corporation that is likely to undermine the public’s confidence in the banking system. What impact, if ...
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